High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
M/V Asphalt Venture courtesy EU NAVFOR
EU NAVFOR has reported that the general cargo ship M/V Asphalt Venture has been released from pirate control. The vessel was released on April 15, 2011 after being held captive for 199 days.
The Panama flagged vessel was pirated on September 28, 2010, approximately 100 nautical miles South-East of Dar Es Salaam in the Somali Basin.
Information on the crew was not made available.
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